Alaska Statutes.
Title 45. Trade and Commerce
Chapter 3. Negotiable Instruments
Section 408. Drawee Not Liable On Unaccepted Draft.
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AS 45.03.408. Drawee Not Liable On Unaccepted Draft.

A check or other draft does not of itself operate as an assignment of funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until the drawee accepts the instrument.

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